Insurance Companies Can Usually Cover the Claims of Policyholders Because

question 95

Multiple Choice

Insurance companies can usually cover the claims of policyholders because:

• A) the incidence of claims normally averages out.
• B) they issue thousands of insurance policies.
• C) the cost of paying for claims has already been factored into the price of the policies.
• D) all of these.

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Definitions:

Internal Locus

An individual's belief that they can control their own destiny through their decisions and actions.

Managerial Effectiveness

The degree to which a manager achieves the desired output and outcomes through efficient allocation and utilization of resources.

Socially Responsible Behavior

Actions by individuals or organizations aimed at contributing positively to society and the environment.

Emotional Stability

A personality trait that involves the capacity to remain calm and composed, especially in stressful situations.